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All innovation begins with creative ideas . . . One definition for innovation is the successful implementation of creative ideas within an organization…

Innovation is the process that translates knowledge into economic growth and social well-being. It encompasses a series of scientific, technological, organizational, financial and commercial activities....

It is the process whereby ideas for new (or improved) products, processes or services are developed and commercialized in the marketplace.

A landmark in the transition of England’s economy from the feudal to the capitalist was, in 1623, the Statute of Monopolies of James I . It rendered void all grants of monopolies and dispensations with one exception. The exception was the grant of letters patent for inventions.These provided the true and first inventor(s) of a given item 14 years of exclusive rights to their invention. In exchange, the invention had to be fully described and disclosed. These monopolies of short duration aimed to encourage innovation and its application for the public good.

The ‘letters patent for inventions’ is the direct ancestor of today’s patents.

The earliest known patent for an invention in England is dated 1449 (granted by Henry VI for making stained glass for Eton College).

On July 31, 1790 Samuel Hopkins was issued the first US patent for a process of making potash, an ingredient used in fertilizer. The patent was signed by President George Washington.

pioneered a process by which molten liquids – metal, ceramics, or anything else that melts – can be transformed into fine threads. This melt extraction process is the only one of its kind. Pitney-Bowes purchased the intellectual property rights to this process in 1987.

MXT Inc. formed in 1996 to realize the commercial potential of this technology.

Located in Montreal

Need addressed: Electronic article surveillance (EAS)

PRODUCT: Antitheft Tagging Technology

MXT specializes in the production of antitheft tagging material, ultra-fine fibers, and electroplating.

Extremely fine wire with detectable sheath is only 137.5 microns thick. Just 5 cm of this wire is needed to trigger EAS gates.